SUB vs PAAA
Comparison between ISHARES SHORT-TERM NATIONAL MUNI BOND ETF (SUB, ETF) and PGIM AAA CLO ETF (PAAA, ETF).
SUB vs PAAA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SUB
$11B
PAAA
$11B
Expense Ratio
Winner
SUB
0.07%
PAAA
0.19%
Max Drawdown
SUB
11.72%
Winner
PAAA
1.81%
Sharpe Ratio
SUB
-1.57
Winner
PAAA
2.33
5Y Beta
Winner
SUB
0.01
PAAA
0.03
5Y Dividends CAGR
SUB
19.75%
PAAA
N/A
SUB vs PAAA - Historical Returns
Returns include dividend reinvestment.
1M
SUB
+0.20%
Winner
PAAA
+0.43%
3M
SUB
+0.56%
Winner
PAAA
+1.16%
6M
SUB
+0.41%
Winner
PAAA
+2.24%
1Y
SUB
+2.04%
Winner
PAAA
+4.99%
5Y(CAGR)
SUB
+1.47%
PAAA
N/A
10Y(CAGR)
SUB
+1.46%
PAAA
N/A
Max(CAGR)
SUB
+1.59%
Winner
PAAA
+6.47%
SUB vs PAAA - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | SUB | PAAA |
|---|---|---|
| 2026 | +1.05% | +2.82% |
| 2025 | +3.55% | +5.35% |
| 2024 | +2.26% | +7.42% |
| 2023 | +2.83% | +3.82% |
| 2022 | -2.02% | N/A |
| 2021 | +0.17% | N/A |
| 2020 | +2.58% | N/A |
| 2019 | +3.00% | N/A |
| 2018 | +1.88% | N/A |
| 2017 | +0.83% | N/A |
| 2016 | +0.01% | N/A |
| 2015 | +0.71% | N/A |
| 2014 | +0.54% | N/A |
| 2013 | +0.77% | N/A |
| 2012 | +0.41% | N/A |
| 2011 | +3.85% | N/A |
| 2010 | +0.55% | N/A |
| 2009 | +4.28% | N/A |
| 2008 | +1.68% | N/A |
SUB vs PAAA Drawdown Comparison
The maximum drawdown for SUB was -9.46%, occurring on Mar 19, 2020. Recovery took 51 trading sessions.
The maximum drawdown for PAAA was -1.04%, occurring on Apr 10, 2025. Recovery took 17 trading sessions.
| Rank | SUB | PAAA |
|---|---|---|
| #1 | -9.46% Mar 6, 2020 - May 19, 2020 | -1.04% Apr 1, 2025 - Apr 25, 2025 |
| #2 | -6.40% Jan 16, 2009 - Sep 12, 2011 | -0.27% Feb 7, 2024 - Feb 22, 2024 |
| #3 | -4.92% Jan 13, 2009 - Jan 16, 2009 | -0.25% Mar 3, 2025 - Mar 27, 2025 |
| #4 | -4.35% Jul 22, 2021 - Dec 13, 2023 | -0.17% Feb 26, 2026 - Mar 17, 2026 |
| #5 | -2.43% Mar 1, 2013 - Oct 24, 2013 | -0.17% Nov 24, 2023 - Nov 29, 2023 |
| #6 | -1.71% Aug 24, 2016 - May 23, 2017 | -0.16% Mar 27, 2025 - Apr 1, 2025 |
| #7 | -1.46% Jan 17, 2012 - Mar 1, 2013 | -0.12% Oct 14, 2025 - Oct 20, 2025 |
| #8 | -1.25% Sep 7, 2017 - Nov 29, 2018 | -0.09% Mar 5, 2024 - Mar 13, 2024 |
| #9 | -1.23% Apr 4, 2025 - May 29, 2025 | -0.08% Aug 9, 2024 - Aug 14, 2024 |
| #10 | -0.92% Oct 2, 2024 - Jan 27, 2025 | -0.08% Feb 20, 2025 - Feb 26, 2025 |
| #11 | -0.87% Jan 30, 2015 - Oct 2, 2015 | -0.06% May 2, 2025 - May 8, 2025 |
| #12 | -0.80% Feb 23, 2026 - Jun 18, 2026 | -0.06% May 8, 2025 - May 12, 2025 |
| #13 | -0.77% Aug 15, 2019 - Nov 27, 2019 | -0.06% Nov 12, 2024 - Nov 15, 2024 |
| #14 | -0.75% Sep 12, 2011 - Dec 2, 2011 | -0.06% Nov 15, 2024 - Nov 21, 2024 |
| #15 | -0.68% Dec 27, 2023 - May 8, 2024 | -0.05% Jan 23, 2024 - Jan 29, 2024 |
Correlation
Correlation between SUB and PAAA is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (2008 - 2026)
SUB vs PAAA dividend yield comparison.
| Year | SUB | PAAA |
|---|---|---|
| 2026 | 1.49% | 2.67% |
| 2025 | 2.42% | 5.12% |
| 2024 | 2.10% | 5.88% |
| 2023 | 1.73% | 2.76% |
| 2022 | 0.86% | 0.00% |
| 2021 | 0.72% | 0.00% |
| 2020 | 1.23% | 0.00% |
| 2019 | 1.58% | 0.00% |
| 2018 | 1.32% | 0.00% |
| 2017 | 0.95% | 0.00% |
| 2016 | 0.75% | 0.00% |
| 2015 | 0.77% | 0.00% |
| 2014 | 0.76% | 0.00% |
| 2013 | 0.84% | 0.00% |
| 2012 | 0.99% | 0.00% |
| 2011 | 1.27% | 0.00% |
| 2010 | 1.28% | 0.00% |
| 2009 | 1.44% | 0.00% |
| 2008 | 0.33% | 0.00% |
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